Markets

Electric vehicle maker Faraday Future has agreed to go public through a merger with blank-check firm Property Solutions Acquisition Corp in a deal valuing the combined entity at US$3.4 billion, the companies said on Thursday.

BRUSSELS: The European Commission has told Google, Facebook, Twitter and Microsoft to continue monthly reports on their efforts to tackle fake news, especially on COVID-19, for another six months. Social media and online platforms have come under fire globally over the spread of fake news, leading ...

Germany's antitrust regulator said on Thursday it was extending the scope of its abuse proceedings against Facebook related to the links between its Oculus virtual reality products and the social media network.

American Airlines Group Inc reported an US$8.9 billion annual loss on Thursday, its biggest on record, as travel restrictions and lockdowns due to the COVID-19 pandemic ravaged the aviation industry in 2020.

Qualtrics International Inc was valued at over US$15 billion in its initial public offering, against the backdrop of a capital market frenzy that has seen investors flock to technology stocks.

HONG KONG: Hong Kong's mom-and-pop investors have amassed over US$50 billion in margin financing to buy shares in the initial public offering of China's Kuaishou Technology, defying concerns about a pullback in global markets fuelled by a retail buying frenzy. Online video site Kuaishou, which ...

For the first time last year, most of the robots ordered by companies in North America weren't destined for automotive factories.

German financial watchdog BaFin said on Thursday it had filed a criminal complaint against one of its employees in relation to suspected insider trading in collapsed payments company Wirecard.

Dow Inc reported a fourth-quarter profit on Thursday that rose 61.4per cent, compared with the third, helped by higher demand for its chemicals following a gradual recovery from the impact of the COVID-19 pandemic.

Dow Inc reported a fourth-quarter profit on Thursday that rose 61.4per cent, compared with the third, helped by higher demand for its chemicals following a gradual recovery from the impact of the COVID-19 pandemic.